Money is undoubtedly the most important element that human beings cares about, it is a symbol of rich. People thought that the more money they have, the larger power they control. The millionaire next door is a book that provide lot ofinformation about rich. This book wants to provide us a message that that “Wealth is what you accumulate, not what you spend”. Even you are not earning much in your life, you can still become comparatively rich among the society with the same status.
The book mentioned that many people include may understand the way to be wealthy includes hard-working, good education and etc. However, some people cannot be wealthy even with these above performance. The author provides addition information about the way to be wealthy beside the above conditions. For instance, the successful wealthy man lives below their means, they can allocate their property efficiently, and focus on their financial independence. They won’t get economic funding from their parents, so that’s why their children can have enough economic ability, thus having a good market targeting opportunities and they can choose the right jobs easily. Therefore, there are a lot of factors which will make influence on wealthy when people have those basic conditions.
Moreover, the book uses a lot of examples, data and information to try to encourage and teach readers how to be a successful person in wealthy. For example, here is the fact that eighty percent of American millionaires are the first-generation rich, which shows that wealthy is generally inherited. People have different income in the society, and everyone have to spend their income for daily life. The way to save money is depending how you budget and plan to allocate your income. It is also important about how to choose your life base on like investment. For instance, if someone likes to change his car frequently because he wants to be stylish, it is likely that he will become poor, because the resell value of car decreased a lot no matter how long you have owned. In comparison, house is usually a good investing target, because it can be rent out for collecting rent and selling for a higher price. If the person knows how to make good deal with other buyers, they will be earning money easily.
Another significant concept about the book is that human can be spending tomorrow’s cash today, and earn back the money tomorrow. Some people are afraid to spend money, because they thought that they can never earn it again. However, life is including an economic cycle, which is important to the society. We earn and spend money, like a renewable resource. If one spend much money, he will think about working for longer hour. Sometimes money can strength one’s desire on working.
Youngsters are always the most important group in every country as they will dominant the society in the future, from the low paid jobs like cleaners to high paid job like doctors. Jobs have no superiority or inferiority, but it is crystal clear that humans with high education is more likely to earn money. This is fair because some youngsters spend more time in school and paying for more tuition fees, equipping themselves to contribute to the society. Many students drill on their majors in academics in order to get a better pay in their future jobs.
This book talks a lot about, manage income, choose investment in order to be wealthy. In a nutshell, this books provides many long time plans for youngsters to conceive and choose their right plans. Becoming millionaire is not an easy job, making correct investment is so far the most challenging decision that they have to consider every day. What the book’s message brings to me looks far away to my life, however, it is a useful tool to alert me about money. Money is the basic unit of investment and life. There is an idiom saying that ‘Having money alone does not get you everywhere, but having no money gets you nowhere.’ I didn’t born from an affluent family, so high education is my only way to bring me to success. Personally I don’t like to save money in my whole life, except for important issues like marriage and buying flats. This book inspired me about saving and spending in a balance way, which is what I feel interested in. Once I have my first bucket of money, I will make a plan about my investment according to what this book mentioned.
Book report: The Millionaire Next Door
Money is undoubtedly the most important element that human beings cares about, it is a symbol of rich. People thought that the more money they have, the larger power they control. The millionaire next door is a book that provide lot of information about rich. This book wants to provide us a message that that “Wealth is what you accumulate, not what you spend”. Even you are not earning much in your life, you can still become comparatively rich among the society with the same status.
The book mentioned that many people include may understand the way to be wealthy includes hard-working, good education and etc. However, some people cannot be wealthy even with these above performance. The author provides addition information about the way to be wealthy beside the above conditions. For instance, the successful wealthy man lives below their means, they can allocate their property efficiently, and focus on their financial independence. They won’t get economic funding from their parents, so that’s why their children can have enough economic ability, thus having a good market targeting opportunities and they can choose the right jobs easily. Therefore, there are a lot of factors which will make influence on wealthy when people have those basic conditions.
Moreover, the book uses a lot of examples, data and information to try to encourage and teach readers how to be a successful person in wealthy. For example, here is the fact that eighty percent of American millionaires are the first-generation rich, which shows that wealthy is generally inherited. People have different income in the society, and everyone have to spend their income for daily life. The way to save money is depending how you budget and plan to allocate your income. It is also important about how to choose your life base on like investment. For instance, if someone likes to change his car frequently because he wants to be stylish, it is likely that he will become poor, because the resell value of car decreased a lot no matter how long you have owned. In comparison, house is usually a good investing target, because it can be rent out for collecting rent and selling for a higher price. If the person knows how to make good deal with other buyers, they will be earning money easily.
Another significant concept about the book is that human can be spending tomorrow’s cash today, and earn back the money tomorrow. Some people are afraid to spend money, because they thought that they can never earn it again. However, life is including an economic cycle, which is important to the society. We earn and spend money, like a renewable resource. If one spend much money, he will think about working for longer hour. Sometimes money can strength one’s desire on working.
Youngsters are always the most important group in every country as they will dominant the society in the future, from the low paid jobs like cleaners to high paid job like doctors. Jobs have no superiority or inferiority, but it is crystal clear that humans with high education is more likely to earn money. This is fair because some youngsters spend more time in school and paying for more tuition fees, equipping themselves to contribute to the society. Many students drill on their majors in academics in order to get a better pay in their future jobs.
This book talks a lot about, manage income, choose investment in order to be wealthy. In a nutshell, this books provides many long time plans for youngsters to conceive and choose their right plans. Becoming millionaire is not an easy job, making correct investment is so far the most challenging decision that they have to consider every day. What the book’s message brings to me looks far away to my life, however, it is a useful tool to alert me about money. Money is the basic unit of investment and life. There is an idiom saying that ‘Having money alone does not get you everywhere, but having no money gets you nowhere.’ I didn’t born from an affluent family, so high education is my only way to bring me to success. Personally I don’t like to save money in my whole life, except for important issues like marriage and buying flats. This book inspired me about saving and spending in a balance way, which is what I feel interested in. Once I have my first bucket of money, I will make a plan about my investment according to what this book mentioned.